The £1.3bn Witan investment trust, managed by Andrew Bell, has handed an Asia Pacific mandate equivalent to 9% of its portfolio to Matthews Asia.

Lombard Odier Investment Managers (LOIM) is merging its global and emerging fixed income arms into a single unit.

Ratings agency Moody's has downgraded the credit rating of McGraw-Hill, the parent of the world's largest ratings company, rival Standard and Poor's.

Standard Life Investments' Thomas Moore, manager of the £105m UK Equity Income Unconstrained fund, has sold out of UK pharmaceuticals amid fears the sector faces further earnings downgrades this year.

Schroders has promoted Karl Dasher to head of North America, replacing Jamie Dorrien-Smith who is retiring in July after 19 years of service at the firm.

JO Hambro Capital Management (JOHCM) has outlined plans to launch a global ex US small-cap equities strategy for new hire Robert Cresci.

Hedge fund veteran George Soros has made $1bn betting against the yen since November, profiting from the Bank of Japan (BoJ)'s moves to weaken its currency.

Old Mutual Global Investors (OMGI) has cut the charge on Christine Johnson's £452m Old Mutual Corporate Bond fund and renamed its UK-domiciled equity range.

Firms argues split-cap crisis was caused by poor management not by structure of zero dividend preference shares.

Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so called ‘great rotation' out of fixed income and into equities has as yet failed to occur.